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Waddell & Reed Financial, Inc. (NYSE:WDR) target price raised to $20.00, reported earlier today by Zacks Investment Research

Stating a potential upside of 0.13%, Zacks Investment Research increased the stock price target of Waddell & Reed Financial, Inc. (NYSE:WDR) to $20.00

Previously on 7/13/2016, Citigroup reported about Waddell & Reed Financial, Inc. (NYSE:WDR) raised the target price from $0.00 to $16.00. At the time, this indicated a possible downside of -0.11%.

Yesterday Waddell & Reed Financial, Inc. (NYSE:WDR) traded -0.67% lower at $17.76. The company’s 50-day moving average is $18.10 and its 200-day moving average is $19.35. The last stock close price is down -8.58% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,247,550 shares of the stock were exchanged, up from an average trading volume of 1,082,410

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Waddell & Reed Financial, Inc. (NYSE:WDR)

Waddell & Reed Financial, Inc. has a 52 week low of $15.70 and a 52 week high of $38.85 with a P/E ratio of 8.07 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 10 firms have reported on the company. The average stock price target is $22.10 with 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 6 brokers rating the stock a hold, three equity analysts rating the company a underperform, and lastly one equity analyst rating the company a sell.

Brief Synopsis About Waddell & Reed Financial, Inc. (NYSE:WDR)

Waddell & Reed Financial, Inc. is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds, Ivy Funds, Ivy Funds Variable Insurance Portfolios, InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts. Its retail products are distributed through third parties, such as other broker/dealers, registered investment advisors and various retirement platforms or through its sales force of independent financial advisors. The Company also markets its investment advisory services to institutional investors, either directly or through consultants. It operates its investment advisory business through Waddell & Reed Investment Management Company.

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